KIC to move to direct investment after ‘flat’ returns

From Bloomberg: Korea Investment Corp., the sovereign wealth fund that bought a stake in Chesapeake Energy Corp. in June, plans to make more direct investments, departing from its strategy of buying stocks and bonds in public markets after returns sagged this year.
The $35 billion fund, known as KIC, may invest in energy, clean technology and natural resources companies, Chief Investment Officer Scott Kalb said in an interview in Seoul yesterday. KIC may also put more money into hedge funds and real estate, he said……………………………………….Full Article: Source